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Iridium: Q2 Earnings Snapshot
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MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — Iridium Communications Inc. (IRDM) on Wednesday reported second-quarter earnings of $9.7 million.

On a per-share basis, the McLean, Virginia-based company said it had net income of 9 cents. Earnings, adjusted for non-recurring costs, came to 19 cents per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.

The satellite phone company posted revenue of $225.2 million in the period, beating Street forecasts. Five analysts surveyed by Zacks expected $221.2 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IRDM at https://www.zacks.com/ap/IRDM

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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